Sentences with phrase «of illegal transactions»

Money laundering and funding of illegal transactions via these cryptocurrencies has been another area of concern for Indian regulators.

Shone Anstey, the co-founder and president of Blockchain Intelligence Group, gauged that the level of illegal transactions in bitcoin had fallen to 20 percent in 2016 and was «significantly less than that» in 2017.

Not exact matches

«When thought of purely as a payment instrument, it seems more likely to be attractive to those who want to make transactions in the black or illegal economy, rather than everyday transactions,» Governor Philip Lowe said in a speech in Sydney Wednesday.

Namely, that the cryptocurrencies don't reveal the name of their holders in the way a credit card statement might — making it easier for illegal transactions to fly under the radar.

While bitcoin has been associated with illicit transactions, estimates of the proportion of the digital currency used in illegal activities vary.

Because payments with it are essentially impossible to trace, a lot of its use case has been for buying and selling drugs and weapons and carrying out other illegal transactions.

As you may already be expecting, most of these transactions are arranged and take place on the dark web, which is a place with pages that aren't indexed by search engines, filled with illegal activity of all kinds.

According to recent reports, Intelligence Agencies in India have just issued an official report stating that virtual currencies such as Bitcoin can be used for the funding of illegal activities, by people who also move their funds through hawala transactions.

Reports from state - owned media sources in China on January 19, 2018, indicate that a circular, titled «Notice Concerning the Self - examination and Rectification of Providing Payment Services for Illegal Virtual Currency Transactions,» was released online.

The problem is that many people are already using this type of currency for illegal transactions such as buying drugs, murder for hire and other criminal activities.

Then there are those who cite the anonymity of cryptocurrency for illegal transactions.

But he has yet to be paid — something about his being accused of making illegal transactions.

But in 1990, the Lake Michigan Federation convinced a federal judge that the state's sale of 18 acres of lake bottom to Loyola was illegal because the transaction would benefit a private interest rather than the public.

Recent revelations by the Economic and Financial Crimes Commission, EFCC, which have trappings on alleged illegal transaction between former Minister of Petroleum resources, Dieziani Alison - Madueke and Fidelity Bank Managing Director, Nnamdi Okonkwo may have snowballed into indicting the head honcho of other financial institutions.

A federal prosecutor accused New York's former assembly speaker, Sheldon Silver, today of taking millions of dollars in legal fees as bribes, while a defense lawyer insisted there was nothing illegal about the transactions.

NEW YORK (AP)-- A federal prosecutor accused New York's former assembly speaker on Monday of taking millions of dollars in legal fees as bribes, while a defense lawyer insisted there was nothing illegal about the transactions.

A federal prosecutor accused New York's former assembly speaker on Monday of taking millions of dollars in legal fees as bribes, while a defense lawyer insisted there was nothing illegal about the transactions.

It further added that the words were understood to mean «the second — fourth plaintiffs are organized criminal companies employed by the first plaintiff, through a corporate culture of malfeasance and impropriety, to perpetrate fraud on the Republic of Ghana and their other clients through illegal, dishonest, fraudulent, sleazy, shady and opprobrious commercial transactions».

SILVER was found guilty by a unanimous jury on November 30, 2015, of two counts of honest services wire fraud, two counts of honest services mail fraud, two counts of extortion under color of official right, and one count of engaging in illegal monetary transactions.

Unsurprisingly, as another source of cash, school officials also made it clear they are eyeing the unprecedented $ 5.1 billion windfall the state has collected from major New York - based banks that have admitted to engaging in illegal foreign transactions.

It is however praying the court to declare the transaction between BOST, Movepinaa and Zup Oil as «illegal, unlawful and in clear violation of Section 16 (2)(c) of the Public Procurement Act, 2003 (Act 663) as amended by the Public Procurement (Amendment) Act, 2016 (Act 914).»

Dr. Sergey Piontkovski, a marine biologist from Ukraine, was accused of revealing state secrets for publishing his unclassified research on plankton and illegal currency transactions for accepting grants from foreign funding organizations in October 1999.

Kumar himself was charged with conducting illegal foreign exchange transactions through two front men — a grocer and a silversmith — who had helped him receive payments from overseas clients to the tune of $ 60,000.

As a primer, the Equal Credit Opportunity Act makes it illegal for a creditor to discriminate in any credit transaction against any applicant because of race; color; religion; national origin; gender; marital status; age and more.

You may not use the Card for any illegal or unlawful transactions and we may decline to authorize any transaction that we believe poses an undue risk of illegality or unlawfulness.

We may, but are not required to, decline a transaction on your Account for any of the following reasons: (A) because of operational considerations, (B) because your Account is in default, (C) if we suspect fraudulent or unlawful activity, (D) we reasonably believe a transaction may be challenged as illegal under state or federal law (such as casino gambling on the Internet), or (E) in our discretion, for any other reason.

In law such rules are known as Bright Line Rules: rather than 20 million words of tax law, you simply declare «any financial transaction whose only conceivable motivation is the avoidance of tax is by definition illegal».

While this activity is not illegal and there are no current restrictions against the practice, we are in the process of gathering more information about these transactions.

Michele Lazarow — a Hallandale Beach city commissioner and activist who has helped pass numerous laws across Florida preventing pet stories from selling dogs that come from puppy mills — recounts the dreadful experience she had in 2004 after buying her dog, Alfie, from a pet store, which misrepresented where the dog had come from, thereby launching Lazarow on the path of crusader to make such transactions illegal.

If a court of competent jurisdiction determines that any term or provision of these Terms and Conditions is invalid, illegal, or incapable of being enforced, all other terms and provisions of these Terms and Conditions shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated herein is not affected in a manner that is materially adverse to either party to the Terms and Conditions.

«No illegal conduct was identified,» Eni has said, claiming that it «concluded the transaction with the Nigerian government, without the involvement of any intermediaries».

In money laundering, cash from illegal origins (such as smuggling narcotics) is fed into a business that then repays the money back to the criminal as a salary or consulting fee or some other type of seemingly legitimate transaction.

Drawing on its expertise of UAE Civil Transactions Law (with the assistance of local firm Al Qari Advocates), the firm advised the contractor to remain on the project site — a potentially risky move that the developer claimed was an illegal occupation.

Therefore the transaction as a whole is legal on the part of the seller and illegal on the part of the buyer.

: The statute makes it illegal to use personal information «for the purpose of gaining access to any record of the actions taken, communications made or received, or other activities or transactions of that person.»

Aaron says there is nothing inherently illegal about flipping properties between family members but the nature of the transaction needs to be accurately communicated to the lender.

If you have been accused of being involved with transporting illegal narcotics, importing drugs or engaging in an illegal transaction involving drugs, or being in possession of drugs for the intent of trafficking, then you need a strong defence team with a proven record of success.

It is illegal to knowingly filter illegally obtained money through a series of legitimate transactions in an attempt to hide the original «dirty» source.

The jury verdict against Collins crosses the Rubicon in terms of the federal government's willingness to prosecute an outside deal lawyer for merely advising a client in regard to structuring transactions that are not intrinsically illegal.

He advises regularly on claims for wrongful trading, preferences, undervalue transactions, illegal dividends and breaches of duty / misfeasance.

At a dinner sponsored by the Society of Professional Investigators (SPI), Mr. Borden explored how bitcoins and other forms of digital currency are increasingly used for both legal and illegal transactions, including ransomware.

Mr. Borden explored how bitcoins and other forms of digital currency are increasingly used for both legal and illegal transactions, including ransomware.

[19] Companies should also be aware of the risk that illegal behaviour (for example, bribery) may occur during the merger, acquisition or investment transaction.

As to if it is illegal gambling, that would depend on the law in the jurisdiction where it takes place: for an internet transaction this could be the jurisdiction of the website owner or the user or both.

Before accepting a retainer or during a retainer, if a lawyer has suspicions or doubts about whether he or she might be assisting a client in dishonesty, fraud, crime or illegal conduct, the lawyer should make reasonable inquiries to obtain information about the client and about the subject matter and objectives of the retainer, including verifying who are the legal or beneficial owners of property and business entities, verifying who has the control of business entities, and clarifying the nature and purpose of a complex or unusual transaction where the purpose is not clear.

Funds invested into investment schemes involving digital tokens are prone to being misused for illegal activities due to the anonymity of transactions, and the ease with which large sums of monies may be raised in a short period of time.

Joining the general chorus of voices critical of digital currencies, Facebook has removed bitcoin and other cryptocurrency ads from its sites after critics said that criminals and rogue states were using digital money in illegal transactions.

Using bitcoin as a point of sale transaction token in Bali is illegal, as per regulatory action taken by policymakers in the region back in December 2017.

«Its not hard to imagine how these books could be used to launder money using stolen credit cards or facilitating transactions for illicit materials or funding of illegal activities,» Reames told Krebs.

In a post, the two Chinese digital currency exchanges said halting the withdrawal feature was part of the decision to improve their anti-money laundering capabilities and prevent «illegal transactions.»